Status: Closed — this petition is no longer accepting signatures.
Final supporters
Dear Colonial Square Co-op Board of Directors,
This letter is written to each of you to let it be known how concerned we are about the action that was taken to dismiss our current management without a viable replacement. You have placed the Co-op in the position of having no manager or assistant manager to carry out the many necessary duties for the continued well-being of the community.
We are currently without any management while you search for an on-site manager. This now may lead to haste in your search with the added pressure of time constraints. Further, to hire a new manager without the availability of our former management to bring them up to date on the many projects and intricacies of our unique status does not create the seamless transition as promised, hence this action does not serve the Co-op’s best interest.
It is essential that you reveal to the community members the points that you were unable to agree upon with Marcus Management so that we have an understanding as to why you would put our community and financial security at such great risk.
Please be prepared to explain how your decision was prudent and in the best interest of our Co-op and further, in the spirit of transparency, identify those within our community and other cooperatives that are or will be providing property management guidance.
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Updates
January 9, 2021
The Board has remained silent since our initial delivery of this letter. Direct your emails to each director today to demand they explain why our community management was terminated without a transition plan.
January 9, 2021
The board cannot ignore the level of concern pouring in from our community. Send a direct email to your representative on the board today and demand they release the details of this transition plan. We have the momentum now to force the transparency this Co-op deserves.
12 Comments
This is not the smooth transition we deserve. This handicaps anyone that is hired. Who has the expertise to determine what a qualified manager needs to know for our particular Co-Op.
The current Board of Directors has summarily discharged the management company, leaving all 427 members, residents and staff members without oversight for an indefinite time, It is not enough to "love" the co-op, it is also necessary to know how to keep it stable, safe and economically sound.
In the name of transparency, Membership deserves to know the content of the "third stipulation" which spoiled the Memorandum of Understanding . I'm disappointed that we won't be having the smooth transition that we thought we would have after the last Board Meeting. I know the Board has made every effort and bent over backward to have such a transition. I'm not worried about not having a Manager for a brief period. We will survive as we did several years ago during a much longer period without a manager. Since the co-vid arrived we have found out who the essential workers are here. The staff has been running the Co-op with almost no supervision since March. Except for the lottery, which excludes Member participation by chance, the Board's plan is excellent. I expect we'll get a good result and continue with our Co-op's success. Or Membership has the knowledge to help the Board find someone competent and honest. We'll be better than ever. FEAR NOT!
This new board has really been a disservice to this community!
I support the need for answers to these questions.
I agree with all who have commented here. I thank Linda Snider for writing this letter and making these important points.
As I explained in my letter to the Board regarding transition, there is a need for careful transition to on-site management and to do nothing precipitous. The BOD needs to explain its rash behavior to the members.
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Status: Closed — this petition is no longer accepting signatures.
Final supporters
Dear Colonial Square Co-op Board of Directors,
This letter is written to each of you to let it be known how concerned we are about the action that was taken to dismiss our current management without a viable replacement. You have placed the Co-op in the position of having no manager or assistant manager to carry out the many necessary duties for the continued well-being of the community.
We are currently without any management while you search for an on-site manager. This now may lead to haste in your search with the added pressure of time constraints. Further, to hire a new manager without the availability of our former management to bring them up to date on the many projects and intricacies of our unique status does not create the seamless transition as promised, hence this action does not serve the Co-op’s best interest.
It is essential that you reveal to the community members the points that you were unable to agree upon with Marcus Management so that we have an understanding as to why you would put our community and financial security at such great risk.
Please be prepared to explain how your decision was prudent and in the best interest of our Co-op and further, in the spirit of transparency, identify those within our community and other cooperatives that are or will be providing property management guidance.
Updates
January 9, 2021
The Board has remained silent since our initial delivery of this letter. Direct your emails to each director today to demand they explain why our community management was terminated without a transition plan.
January 9, 2021
The board cannot ignore the level of concern pouring in from our community. Send a direct email to your representative on the board today and demand they release the details of this transition plan. We have the momentum now to force the transparency this Co-op deserves.
12 Comments
Colonial Square Cooperative is a corporation with assets in excess of 50 million dollars. Colonial Square needs to maintain our corporate status as a housing cooperative in order to continue our state and city non-profit designation. I am thankful to have the big court repaved. The newly constructed cedar side yard enclosure should last 25 years. Many townhouses have been re-roofed. Dead and dangerous trees have been removed. The Co-op has lacked continuous maintenance for some time and I would like a proper handoff of future maintenance projects so we don’t find our Co-op in a deteriorating state again.
This is not the smooth transition we deserve. This handicaps anyone that is hired. Who has the expertise to determine what a qualified manager needs to know for our particular Co-Op.
The current Board of Directors has summarily discharged the management company, leaving all 427 members, residents and staff members without oversight for an indefinite time, It is not enough to "love" the co-op, it is also necessary to know how to keep it stable, safe and economically sound.
In the name of transparency, Membership deserves to know the content of the "third stipulation" which spoiled the Memorandum of Understanding . I'm disappointed that we won't be having the smooth transition that we thought we would have after the last Board Meeting. I know the Board has made every effort and bent over backward to have such a transition. I'm not worried about not having a Manager for a brief period. We will survive as we did several years ago during a much longer period without a manager. Since the co-vid arrived we have found out who the essential workers are here. The staff has been running the Co-op with almost no supervision since March. Except for the lottery, which excludes Member participation by chance, the Board's plan is excellent. I expect we'll get a good result and continue with our Co-op's success. Or Membership has the knowledge to help the Board find someone competent and honest. We'll be better than ever. FEAR NOT!
This new board has really been a disservice to this community!
I support the need for answers to these questions.
I agree with all who have commented here. I thank Linda Snider for writing this letter and making these important points.
As I explained in my letter to the Board regarding transition, there is a need for careful transition to on-site management and to do nothing precipitous. The BOD needs to explain its rash behavior to the members.
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Colonial Square Cooperative is a corporation with assets in excess of 50 million dollars. Colonial Square needs to maintain our corporate status as a housing cooperative in order to continue our state and city non-profit designation. I am thankful to have the big court repaved. The newly constructed cedar side yard enclosure should last 25 years. Many townhouses have been re-roofed. Dead and dangerous trees have been removed. The Co-op has lacked continuous maintenance for some time and I would like a proper handoff of future maintenance projects so we don’t find our Co-op in a deteriorating state again.